Boeing Co. (BA)

Common Stock Valuation Ratios (Price Multiples) Quarterly Data

Difficulty: Beginner

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

Boeing Co., historical price multiples (quarterly data)

		Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
	Price to earnings (P/E)
	Price to operating profit (P/OP)
	Price to sales (P/S)
	Price to book value (P/BV)

Ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Boeing Co.'s P/E ratio increased from Q3 2017 to Q4 2017 but then declined significantly from Q4 2017 to Q1 2018.
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Boeing Co.'s P/OP ratio increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018 not reaching Q3 2017 level.
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Boeing Co.'s P/S ratio increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018.
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company's required rate of return and its actual rate of return.	Boeing Co.'s P/BV ratio increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018 not reaching Q3 2017 level.

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Price to Earnings (P/E)

Boeing Co., historical P/E calculation (quarterly data)

		Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (USD $)
	Net earnings (loss) related to parent (in millions)
	Earnings per share (EPS)³
	Share price^1, 2

	P/E ratio⁴

¹ Data adjusted for splits and stock dividends.

² Close price on the filing date of Boeing Co.'s Quarterly or Annual Report.

Q1 2018 Calculations

³ EPS = (Net earnings (loss) related to parent_{Q1 2018} + Net earnings (loss) related to parent_{Q4 2017} + Net earnings (loss) related to parent_{Q3 2017} + Net earnings (loss) related to parent_{Q2 2017}) ÷ No. shares of common stock outstanding
= ( + + + ) ÷ =

⁴ P/E ratio = Share price ÷ EPS
= ÷ =

Ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Boeing Co.'s P/E ratio increased from Q3 2017 to Q4 2017 but then declined significantly from Q4 2017 to Q1 2018.

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Price to Operating Profit (P/OP)

Boeing Co., historical P/OP calculation (quarterly data)

		Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (USD $)
	Earnings (loss) from operations (in millions)
	Operating profit per share³
	Share price^1, 2

	P/OP ratio⁴

¹ Data adjusted for splits and stock dividends.

² Close price on the filing date of Boeing Co.'s Quarterly or Annual Report.

Q1 2018 Calculations

³ Operating profit per share = (Earnings (loss) from operations_{Q1 2018} + Earnings (loss) from operations_{Q4 2017} + Earnings (loss) from operations_{Q3 2017} + Earnings (loss) from operations_{Q2 2017}) ÷ No. shares of common stock outstanding
= ( + + + ) ÷ =

⁴ P/OP ratio = Share price ÷ Operating profit per share
= ÷ =

Ratio	Description	The company
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Boeing Co.'s P/OP ratio increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018 not reaching Q3 2017 level.

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Price to Sales (P/S)

Boeing Co., historical P/S calculation (quarterly data)

		Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (USD $)
	Revenues (in millions)
	Sales per share³
	Share price^1, 2

	P/S ratio⁴

¹ Data adjusted for splits and stock dividends.

² Close price on the filing date of Boeing Co.'s Quarterly or Annual Report.

Q1 2018 Calculations

³ Sales per share = (Revenues_{Q1 2018} + Revenues_{Q4 2017} + Revenues_{Q3 2017} + Revenues_{Q2 2017}) ÷ No. shares of common stock outstanding
= ( + + + ) ÷ =

⁴ P/S ratio = Share price ÷ Sales per share
= ÷ =

Ratio	Description	The company
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Boeing Co.'s P/S ratio increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018.

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Price to Book Value (P/BV)

Boeing Co., historical P/BV calculation (quarterly data)

		Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013
	No. shares of common stock outstanding¹
	Selected Financial Data (USD $)
	Shareholders’ equity (in millions)
	Book value per share (BVPS)³
	Share price^1, 2

	P/BV ratio⁴

¹ Data adjusted for splits and stock dividends.

² Close price on the filing date of Boeing Co.'s Quarterly or Annual Report.

Q1 2018 Calculations

³ BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= ÷ =

⁴ P/BV ratio = Share price ÷ BVPS
= ÷ =

Ratio	Description	The company
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company's required rate of return and its actual rate of return.	Boeing Co.'s P/BV ratio increased from Q3 2017 to Q4 2017 but then slightly declined from Q4 2017 to Q1 2018 not reaching Q3 2017 level.

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	Boeing Co.	Other companies (not purchased previously)
Long-term Trends
Financial Statements
Common-Size Financial Statements
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Relative Valuation
Discounted Cash Flow (DCF) Valuation
Analysis
Financial Reporting Quality

	All companies
Long-term Trends
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Analysis
Financial Reporting Quality